Spotlight Growth
No Result
View All Result
Sunday, May 15, 2022
  • Login
  • Home
  • News
    • Bio/Med/Pharma
    • Cannabis
    • Commodities
    • Consumer Goods
    • Crowdfunding
    • Cryptocurrency
    • Crypto Cheat Sheets
    • Earnings
    • Entertainment
    • Financials
    • Market News
    • Opinion
    • Politics
    • Technology
    • Venture Capital/Private Equity (VC/PE)
  • Video
  • Stock and Crypto Screener
  • Home
  • News
    • Bio/Med/Pharma
    • Cannabis
    • Commodities
    • Consumer Goods
    • Crowdfunding
    • Cryptocurrency
    • Crypto Cheat Sheets
    • Earnings
    • Entertainment
    • Financials
    • Market News
    • Opinion
    • Politics
    • Technology
    • Venture Capital/Private Equity (VC/PE)
  • Video
  • Stock and Crypto Screener
No Result
View All Result
No Result
View All Result
Home Cryptocurrency

Bitcoin ETF and Near All-Time Highs Drive Record Inflows

by admin
October 27, 2021
in Cryptocurrency
0
Bitcoin ETF and Near All-Time Highs Drive Record Inflows

Bitcoin ETF BTC All Time Highs Inflows Cryptonews Spotlight Growth

Shrugging off a summer’s downtrend, the cryptocurrency industry saw new all-time highs across the board in early October. Bitcoin itself rose to $66,974, a considerable increase over the previous high of $64,829 set in April. Several factors played into the sudden price spike, not least of which is the tacit approval of a Bitcoin futures ETF by US regulators. The Securities and Exchange Commission chose to allow the ETF, opening the door to an entire slew of previously inaccessible investment vehicles.

Exchange-traded funds allow traditional investors to include Bitcoin exposure in their portfolios. The ProShares Bitcoin futures ETF now trades on the New York Stock Exchange under the symbol BITO. As a direct result, over $1.47 billion flooded the cryptocurrency market and related investments – including BITO. While not directly investing in Bitcoin, the availability of an ETF on traditional exchanges brings many new investors to the space.

SEC Relents, Allowing Futures-Based Bitcoin ETF

Despite their past track record, the SEC finally allowed ProShare’s ETF. Comments by regulators suggest that the added protections associated with a futures ETF made the approval possible. While not trading directly on the price of Bitcoin, the ETF is afoot in the door for future products – one that will likely see a slew of new methods for investing.

Source: CoinMarketCap
Source: CoinMarketCap

Grayscale’s Bitcoin Fund has already filed to modify their current, long-standing Bitcoin fund into a direct ETF – a process that would help alleviate the known discrepancy between GBTC and the true value of Bitcoin. Further, an Ethereum future ETF could easily follow BITO, given Ether’s long-standing second-place status.

Bitcoin Hits New All-Time High

After April’s high, Bitcoin dropped as low as $29,000 and languished in the $40k range for much of the summer. That ended with October’s arrival, seeing Bitcoin spike to a new all-time high of $66,974 on October 20th. Many altcoins also saw new ATHs in the immediate aftermath, pushing the market into healthily green territory.

The early year rise, followed by a slow summer and an autumn spike almost directly correlate to the legendary 2017 bull run – suggesting that there may be more to come. In 2017, the market did not peak until December. If the similarities continue, some analysts believe Bitcoin could hit a 6-digit value before 2022.

Tags: binanceBitcoinBitcoin ETFbitcoin predictionBitcoin priceBITOBITO ETFblockchainBTCBTC newsBTC pricecoinbasecoinmarketcapcryptocrypto newsCryptocurrencycryptocurrency alertcryptocurrency newscryptonewsday tradingdigital currencyemerging growthETFETFSETHETH newsETH priceEthereumethereum newsFTXinvestinginvestmentnewsSpotlight Growthtrading
  • Trending
  • Comments
  • Latest
Siyata Mobile NASDAQ SYTA SYTAW SD7 VK7 Purchase Orders Spotlight Growth

New Purchase Orders for SD7 Rugged Device, VK7, and Other Accessories Boost Siyata Mobile’s Outlook (NASDAQ: SYTA)

December 14, 2021
Telcoin TEL Crypto Spotlight Growth

Telcoin (TEL) Quietly Leads a Crypto Remittance Revolution

June 15, 2021
Decentraland (MANA) is the Proof of Concept for the Emerging Metaverse

Decentraland (MANA) is the Proof of Concept for the Emerging Metaverse

November 22, 2021
Alfi NASDAQ ALF Ridesharing Tablet Rollout Spotlight Growth

Alfi, Inc. (NASDAQ: ALF) Climbs 51% After Entering Into Agreement with Miami-Based Fulfillment & Distribution Center For its Ridesharing Digital Tablet Rollout

June 15, 2021
Cybersecurity Stocks Coming Into Focus Amid High-Profile Attacks

Cybersecurity Stocks Coming Into Focus Amid High-Profile Attacks

0
Safe-T Group SFET Q4 FY 2020 Financial Results

Safe-T Group (NASDAQ: SFET) Reports Fourth Quarter and Full Year 2020 Financial Results

0
Safe-T SFET NASDAQ UN Presentation

Safe-T (NASDAQ: SFET) Has Been Selected to Present at the United Nations’ Office of Information and Communications Technology Event

0
Nvidia Ethereum Video Card Crypto

Nvidia Announces New Chip Specifically For Ethereum Mining

0
Fandifi CSE FDM NFT Gamification Platform Spotlight Growth

Fandifi (CSE: FDM) Rewards Fan Engagement with NFT-Based Gamification Platform

May 13, 2022
York Harbour Metals TSXV YORK Copper Drilling Program Spotlight Growth

York Harbour Metals (TSXV: YORK) (OTC: YORKF) Exploration Results Position them to Meet Rising Copper Demands

May 13, 2022
Squarespace NYSE SQSP Q1 2022 Financial Results Spotlight Growth

Squarespace (NYSE: SQSP) Side-Steps Tech Rout After Reporting Strong First Quarter 2022 Financial Results, Announces $200 Million Share Buyback Program

May 12, 2022
Play the Space Race with AST SpaceMobile NASDAQ ASTS Spotlight Growth

Play the Space Race with AST SpaceMobile (NASDAQ: ASTS)

May 11, 2022

Recent News

Fandifi CSE FDM NFT Gamification Platform Spotlight Growth

Fandifi (CSE: FDM) Rewards Fan Engagement with NFT-Based Gamification Platform

May 13, 2022
York Harbour Metals TSXV YORK Copper Drilling Program Spotlight Growth

York Harbour Metals (TSXV: YORK) (OTC: YORKF) Exploration Results Position them to Meet Rising Copper Demands

May 13, 2022

Categories

  • Bio/Med/Pharma
  • Cannabis
  • Commodities
  • Consumer Goods
  • Crowdfunding
  • Crypto Cheat Sheets
  • Cryptocurrency
  • Earnings
  • Entertainment
  • Financials
  • Market News
  • Opinion
  • OTC:LUSI
  • Politics
  • Real Estate
  • Split Watch
  • Sponsored
  • Store
  • Technology
  • Uncategorized
  • Venture Capital/Private Equity (VC/PE)

Site Navigation

  • Disclosures
  • Terms Of Service
  • Privacy Policy
  • Contact Us
Spotlight Growth

Copyright © 2021 Spotlight Growth. All Right Reserved. Designed by Cool Cat Interactive.

No Result
View All Result
  • Home
  • News
    • Bio/Med/Pharma
    • Cannabis
    • Commodities
    • Consumer Goods
    • Crowdfunding
    • Cryptocurrency
    • Crypto Cheat Sheets
    • Earnings
    • Entertainment
    • Financials
    • Market News
    • Opinion
    • Politics
    • Technology
    • Venture Capital/Private Equity (VC/PE)
  • Video
  • Stock and Crypto Screener

Copyright © 2021 Spotlight Growth. All Right Reserved. Designed by Cool Cat Interactive.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Newsletter Signup

Subscribe to our weekly newsletter below and never miss the latest small/micro-cap analysis and investment news from Spotlight Growth.

Enter your email address

Thanks, I’m not interested